Max Estates Limited Commences Solar Power Procurement for Commercial Development
Max Estates Limited, a leading real estate developer in the National Capital Region (NCR), has initiated a significant move towards sustainability by commencing solar power procurement for its commercial development, WorkWell Experience, Max Square, located in Sector 129, Noida.
A Key Milestone in Sustainability Journey
This initiative represents a crucial step towards Max Estates' long-term commitment to transition 50% of its portfolio energy consumption to renewable sources by 2030, in line with India's national climate ambition under the "Panchamrit" commitment.
Benefits of the Initiative
- The solar power transition at Max Square is expected to reduce approximately 5,400-6,000 tonnes of COâ‚‚ equivalent emissions per annum.
- The initiative is projected to deliver 20-25% savings in electricity costs for occupants at the present grid charges.
- The solar integration at Max Square addresses rising demand from global investors and corporate occupiers for ESG-compliant, energy-efficient commercial assets.
Company's Sustainability Leadership
The initiative strengthens Max Estates' sustainability leadership, underpinned by its strong performance in global benchmarks, including recognition as a Global and Regional Sector Leader in GRESB 2025.
Comment from Atul Kundalia, Head, Engineering and Sustainability
"Sustainability is most powerful when it moves from ambition to execution. Our solar integration at Max Square shows that climate responsibility and strong business performance can go hand in hand."
About Max Estates Limited
Established in 2016, Max Estates Limited is a leading Real Estate developer in the NCR region. The company has developed a diversified portfolio of real estate across commercial and residential spaces in Delhi NCR.
- Max Estates Limited is listed on NSE and BSE.
- The company has partnered with New York Life Insurance Company (NYL).
- Max Estates also has a real estate services & management company - Max Asset Services.